Originally Posted by
TransWorld
One example, when there is a fear of a market disruption or shortage of crude oil, gasoline prices at the pump jump up. Your statement seems to imply if a lot of people will suddenly switch to electric cars that week, the price will suddenly drop. The first happens in a few days. The second takes years.
Im not suggesting we would all switch to electric cars in a week, come on now. But I am saying if we continue to diversify our energy sector, there's a possibility at competition in the energy market. In any case, oil prices rising right now is hardly surprising given market forces.